Ensign Peak Advisors Inc Has $2.07 Million Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Ensign Peak Advisors Inc decreased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,990 shares of the company’s stock after selling 19,490 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Frontier Communications Parent were worth $2,068,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Frontier Communications Parent by 0.5% in the first quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company’s stock valued at $589,777,000 after acquiring an additional 108,344 shares during the last quarter. Capital International Investors lifted its stake in shares of Frontier Communications Parent by 0.5% in the 1st quarter. Capital International Investors now owns 17,415,371 shares of the company’s stock valued at $426,677,000 after purchasing an additional 92,944 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Frontier Communications Parent by 12.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company’s stock worth $335,257,000 after purchasing an additional 1,462,646 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Frontier Communications Parent by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock worth $211,758,000 after purchasing an additional 1,587,145 shares during the period. Finally, American Century Companies Inc. increased its holdings in Frontier Communications Parent by 4.1% in the second quarter. American Century Companies Inc. now owns 2,005,937 shares of the company’s stock valued at $52,515,000 after purchasing an additional 79,265 shares during the last quarter.

Frontier Communications Parent Trading Down 0.0 %

Shares of NASDAQ:FYBR opened at $35.71 on Friday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 324.64 and a beta of 1.08. Frontier Communications Parent, Inc. has a 12 month low of $13.66 and a 12 month high of $39.21. The company’s fifty day simple moving average is $30.90 and its 200 day simple moving average is $27.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.19.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) EPS. As a group, research analysts forecast that Frontier Communications Parent, Inc. will post -0.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Moffett Nathanson cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of Frontier Communications Parent from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $38.50 in a report on Tuesday, September 17th. Benchmark reissued a “buy” rating and issued a $37.00 price target on shares of Frontier Communications Parent in a report on Thursday, September 5th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $38.50 price objective (up previously from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

About Frontier Communications Parent

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.